Er. Maybe just the anticipation of the hunt.
I never thought these words would be said, at least not so soon, but Matthew and I are saving - yes SAVING (audible gasps everywhere) for a house!
Even with his cut in hours, we have been able to create what we officially call Pooka's Back Yard Fund. The problem is, we have become OBSESSED. Thanks to the tanking economy, this is finally an option for us. Just the prospect of setting down roots and having a place of our own is exciting and wonderful but really terrifying. Yes, we would get to do whatever we wanted with it. We can make it our own in every way. But we also have to fix anything that breaks. As my Mother said, "Ahhh, my little girl is afraid of committment!"
And I am. Kind of.
At least I'm not going into it blind. I realize how much work a house is, especially if we want to get one that's cheaper. I am definitely not afraid of the work involved, just the price tag.
But then there is Pooka to think about. We definitely can't have her someplace that isn't livable. But what is livable? Oye.
So what do we do? Do we buy a cheaper house that we need to put a chunk of money into to fix it up, or do we go for a house that doesn't need so much work, but has a higher price? I NEED advise!
3 comments:
Ooh, how exciting! What a fun thing to think about. You'll find just the right place for the Bowlers. Money is money and time is money, so only buy as many projects for yourself as you want to pay for in body and moolah!
Hmm, that's a tough one.
Your friend is right, "money is money and time is money!" So where do you want to spend your money? You should talk to Damon and Patrick about the hours and hours they've spent coming home from work and then going to work on a run-down home- it's exhausting and requires cash up front but gives you such a feeling of accomplishment.
Just keep this in mind- the play-it-safe predictors are saying we'll see a 12% drop in prices by the end of the year. The not-so-safe predictors say 24%. What does this mean? Either way, a cheaper price tag. Keep a watch out and expand your search. There are some mind-blowing deals out there. Example? A 2500 square foot Mountain's Edge home that is in need of no repairs just sold for 122,950- and it still has a home warranty.
LOOK. RESEARCH. READ. DON'T RUSH.
Oh good luck!!!
I'm sure you'll be able to do a lot of research and find a great little place!! I don't know how many more kids you want or what not -- but after I graduated college I bought a small townhome that had a lot of grassy areas and parks -- that were shared -- for a very reasonable price. Because I was a first time homebuyer FHA financing was available. It was a great deal.
You could do that as a starter home and get through graduate school and build equity or something? As long as it is in a nice area -- it should hold its value. I don't know -- don't take advice from me -- do your research!! The nice thing is, there are all sorts of options out there right now for sure! Definitely a buyers market!!
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